The latest customs data tells a clear story. Tsingshan Indonesia’s 300-series exports to Taiwan fell back to 77,238 tons in October down 27.8% MoM. That September spike wasn’t a recovery. It was short-term restocking , nothing more. The strongest signal comes from black coils: Imports collapsed by 50% in October. This isn’t a market crash it’s downstream buyers saying, “We’ve replenished. Now we wait.” White coils dipped only slightly, and slabs stayed flat, showing that base

LME nickel closed down $135 at $15,115/ton yesterday; SHFE nickel futures closed down 280 yuan at 120,620 yuan/ton last night. On the macro front, regarding Sino-foreign relations, US Treasury Secretary Bessenter stated that if China continues to block rare earth exports, the US may impose additional tariffs on China. The Ministry of Foreign Affairs responded that the results of the China-US trade consultations in Kuala Lumpur fully demonstrate that dialogue and cooperation a

This year, similar transaction security incidents have repeatedly sounded the alarm for the stainless steel industry. Whenever this topic is discussed, practitioners feel a sense of unease. In a fiercely competitive environment, maintaining business often requires relaxing transaction conditions; however, as the threshold is lowered, the risks quietly rise. The era when a transaction could be completed with a single phone call is long gone. Today, the industry repeatedly emph

According to foreign media reports on November 3, 2025, the most severe challenge currently facing the stainless steel industry may no longer be short-term price fluctuations, but rather increasingly stringent global trade restrictions driven by geopolitics. This view became a general consensus among industry leaders at the Bureau of Recycling International (BIR) World Recycling Conference held in Bangkok, Thailand, from October 27-28, 2025. Experts at the conference pointed